Going over your budget when renovating is probably the biggest concern on any renovators mind. This is quite understandable, even if you stick to the crucial tips and pointers provided year after year, such as building with a twenty percent cushion just in case anything unexpected arises, make sure you look over your contractor’s references thoroughly, do not have a “while you are at it” attitude, etc. However, sometimes it is still quite difficult to not spend over your intended budget.
The idea is not to take away from the renovation you have in mind or pay too hefty of a fee but rather find a way to get exactly what you want at a price you can afford. This does not mean to cheapen out but rather to be strategic in your thinking and planning. You can avoid cutting corners by using a tactical approach when designing, picking materials and even in the timing.
The truth is that no matter what you do when renovating, thing can add up easily, so finding innovative ways to save is a great idea. Here are three helpful tips to do just that:
1. Think Efficiency Not Size
Blowing out walls in the house can be quite expensive and time-consuming so if renovating your kitchen think of ways you can be efficient with the kitchen you have. Shelves which tend to take up a lot of space can easily be replaced with eight-inch wide pull out drawers that are cabinet height.
These drawers can contain racks which can easily store just about anything. Louis Smith Jr who is an architect in Ann Arbor, Michigan with the Meier Group states: “You can provide yourself with three or even more horizontal planes in an area where previously there would have been only one”.
It can be pricey to to outfit cabinets with upgrades such as lazy susans, dividers, pull-out trays etc. but imagine how much you would have spent by blowing out a wall and adding space you thought you needed.
- Price of expanding a kitchen 200 square feet: $48,000-$95,000
- Price of being innovative and custom designing your cabinets: $35,00
- Savings: Around $60,000
2. Enhance the Natural Light Without the Need for Extra Windows
Cutting a hole in your wall and adding framing is quite expensive, invasive and once again very time consuming, consider alternate forms of increasing the light. A great way to bring a bit more light to a dim area such as a bathroom or hallway with no window is by installing a”light tube”, this is placed between shutters and rafters guiding the light into the area you desire.
- Price of installing an insulated and double paned window: $1,500
- Price of a light tube: $500
- Savings: $1,000
3. Donate your Debris
A great way of getting rid of your unwanted trash and giving back atthe same time is by getting in touch with your local habitat for humanity prior to beginning your remodelling. They can remove any unwanted fixtures, material etc that can later be resold. Austin, Texas Habitat´s ReUse program manager, B.J. Perkins states: “around 85% of your home’s furniture is reusable, we can clear it all out or simply remove the tub, cabinets, sink and stuff you do not need”. This is a great way to not unnecessarily add to the landfill, help out a very good cause and even receive a charitable tax credit for the materials donated.
- Price of getting rid of a set of bathroom fixtures: $50-$75
- Price of donating: $0 + a tax deduction for your donation
- Savings: Landfill space and regret